Short Interest in Alico, Inc. (NASDAQ:ALCO) Increases By 26.4%

Alico, Inc. (NASDAQ:ALCO) saw a large increase in short interest during the month of March. As of March 31st, there was short interest totaling 157,293 shares, an increase of 26.4% from the March 15th total of 124,414 shares. Approximately 2.2% of the company’s stock are short sold. Based on an average daily trading volume, of 39,841 shares, the days-to-cover ratio is currently 3.9 days.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Raymond James Financial Inc. acquired a new position in shares of Alico during the second quarter valued at $28,000. BNP Paribas Financial Markets increased its holdings in shares of Alico by 86.6% during the third quarter. BNP Paribas Financial Markets now owns 1,030 shares of the company’s stock valued at $36,000 after purchasing an additional 478 shares during the period. Nisa Investment Advisors LLC increased its holdings in shares of Alico by 24.3% during the third quarter. Nisa Investment Advisors LLC now owns 1,506 shares of the company’s stock valued at $52,000 after purchasing an additional 294 shares during the period. Osaic Holdings Inc. increased its holdings in shares of Alico by 24.2% during the second quarter. Osaic Holdings Inc. now owns 1,611 shares of the company’s stock valued at $53,000 after purchasing an additional 314 shares during the period. Finally, Tower Research Capital LLC TRC increased its holdings in shares of Alico by 792.7% during the second quarter. Tower Research Capital LLC TRC now owns 3,285 shares of the company’s stock valued at $107,000 after purchasing an additional 2,917 shares during the period. 62.28% of the stock is owned by institutional investors and hedge funds.

Alico Price Performance

Shares of NASDAQ ALCO opened at $42.49 on Thursday. Alico has a 1-year low of $27.85 and a 1-year high of $45.01. The company has a debt-to-equity ratio of 0.82, a current ratio of 14.39 and a quick ratio of 13.02. The business’s fifty day moving average price is $40.82 and its two-hundred day moving average price is $37.64. The firm has a market capitalization of $325.35 million, a PE ratio of -2.29 and a beta of 1.00.

Alico (NASDAQ:ALCO) last issued its earnings results on Wednesday, February 4th. The company reported ($0.96) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.92). Alico had a negative return on equity of 101.66% and a negative net margin of 487.45%.The company had revenue of $1.89 million during the quarter, compared to analyst estimates of $3.22 million. On average, research analysts expect that Alico will post -0.37 EPS for the current year.

Alico Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 17th. Stockholders of record on Friday, April 3rd will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Thursday, April 2nd. Alico’s dividend payout ratio (DPR) is -1.08%.

Analyst Ratings Changes

Several research firms have recently commented on ALCO. Roth Mkm set a $45.00 target price on Alico and gave the company a “buy” rating in a research note on Friday, March 27th. Weiss Ratings reiterated a “sell (d)” rating on shares of Alico in a research note on Wednesday, January 21st. Finally, Wall Street Zen cut Alico from a “hold” rating to a “sell” rating in a research note on Sunday, March 22nd. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, Alico has a consensus rating of “Hold” and an average target price of $45.00.

Alico Company Profile

Alico, Inc is an agribusiness and land management company headquartered in Fort Myers, Florida. The company owns and manages over 110,000 acres of land in southwestern Florida, with operations focused on citrus groves, sugarcane production, forestry and other row crops. Alico leverages its extensive land holdings to support integrated agricultural and environmental stewardship practices.

In its citrus division, Alico cultivates and markets fresh oranges for both the retail and processing markets, while its sugarcane segment supplies raw cane to domestic sugar mills.